With the final death toll standing at 20, the tornadoes that slammed central Florida on Feb. 2 have been dubbed “Ground-Hog Day Tornadoes” by The Florida State Emergency Response Team. The groundhogs in Sumter, Lake, Volusia and Seminole Counties likely …
The federal Environmental Protection Agency has approved more flexible rules that will mean about 1,200 hurricane-damaged homes in south Mississippi can be torn down. The EPA’s No Action Assurance program runs until Sept. 30 for houses in Hancock, Harrison, Jackson …
That jacket makes you look 20 pounds lighter!” “This car is the best one on the lot.” “This house needs no work at all.” Sales pitches such as these can be heard every day. However, such ploys likely do little …
TITLE: Okla. Commissioner: Faith-based benefit firm considered an insurer A Tulsa, Okla.-based Christian organization that pools member money to pay medical bills, but says it isn’t an insurance company, is still going to be treated like one, a state official …
Monitoring the process “I will carefully monitor Allstate’s actions throughout this process to ensure that policyholders entitled to reinstatement are fully protected.” — Louisiana Commissioner of Insurance Jim Donelon, announcing a settlement with Allstate for the 4,772 policyholders in four …
The McCarran-Ferguson Act enacted in 1945 provides for the continued regulation of insurance by the states and a narrow exemption from the general federal antitrust laws. The exemption is limited to activities that constitute the “business of insurance,” are “regulated …
A recent wave of individual institutional in-vestor securities lawsuit “opt-out” settlements is raising troubling new questions about both D&O carriers’ claims severity assumptions and D&O policyholders’ limits adequacy. An opt-out action involves a separate lawsuit brought by an individual investor …
$400 million The amount it would cost to replace a key weather satellite that is already beyond its expected life span if it fails, according to National Hur-ricane Center Director Bill Proenza. He said the satellite, designed to last five …
Teenage drivers in Arkansas would have more restrictions on their driving privileges under Senate Bill 196, which recently passed the state Senate. According to the Senate announcement, teens with a learner’s permit or an intermediate license would not be able …
The Federal Bureau of Investigation’s Art Crime Team (ACT) reported that an original Norman Rockwell painting, “Russian Schoolroom,” stolen during a late night burglary in Clayton, Mo., in 1973, was found in the home of movie mogul Steven Spielberg who …
